facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Loan

/

40-37 76th St, Queens, NY 1...

Mohamed Islam Acquires Mixed-use Property In Woodside For $2M
FINANCEDMixed-use

Mohamed Islam Acquires Mixed-use Property In Woodside For $2M

40-37 76th St, Queens, NY 11373, USA

$2,000,000

$0/SF

Building Size

32,004,128 SF

Asset Type

Mixed-use

Closing

Nov 29, 2020

AI

The mixed-use property located at 40-37 76 Street and 39-18 61 Street in Woodside has been involved in a closed transaction. The property consists of 2,200 square feet, divided into two units with square footages of 3,200 and 4,128. The deal was facilitated by Matthew Murphy and Irene Uy, representing the respective parties involved.

Summary of transaction details:

  • Property Type: Mixed-use
  • Loan Amount: $2,000,000
  • Square Footage: 3,200 and 4,128
  • Address: 40-37 76 Street, 39-18 61 Street
  • Market: Woodside

In this transaction, James Guarino and Arthur Dunn from ERG CRE acted as lenders providing a loan of $2,000,000. The landlord of the property is Mohamed Islam. Matthew Murphy and Irene Uy, representing their clients, played a crucial role in the deal as brokers.

Players

Irene Uy

Broker

$3.1M

vol

2 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93